Why Should You Hire an Attorney to Handle Your Bankruptcy?

When you need to file bankruptcy, you’re looking to cut costs wherever you can. You may think it makes good financial sense to file your bankruptcy without using an attorney. It may seem foolish to consider paying someone for something you can do on your own. How hard could it be to fill out some forms? Actually, the process of filing for bankruptcy is much harder than you may think, and errors in the filing process can make your financial problems worse. Read on to learn how help from an attorney can save you from costly errors and end up saving you time and money.

Completing the initial paperwork, known as the bankruptcy petition, offers lots of opportunities for mistakes. You must provide a complete and accurate list assets with the appropriate values as well as all of your liabilities. If you fail to include all of your assets and liabilities in the petition or list the wrong values, then your case will most likely encounter problems and become difficult very quickly. The bankruptcy trustee will carefully review your petition for errors and will question you about those errors at a hearing. Therefore, an experienced bankruptcy attorney knows how to prevent common mistakes and also provide legal representation for you.

Non-attorney petition preparers are not a good idea to hire to complete your bankruptcy petition. Although they are cheaper, they do not have legal expertise to understand what information is required. They cannot give you any legal advice regarding things like your assets, liabilities, values, budgeting, and a mandatory test called the Means Test. They simply fill out forms with what you say or provide the forms to you to fill out yourself. In this instance, cheap can mean that your case will be a long and complicated process.

If you are considering filing for bankruptcy in Alabama, contact the experienced and compassionate Montgomery bankruptcy attorneys at the Dansby Law Firm for a consultation at 334-834-7001.

Meet AttorneyKay Dansby

Kay Dansby is the founder and principal attorney at The Dansby Law Firm, P.C., where she concentrates her practice on helping people who are disabled from working collect the benefits they need and deserve from the Social Security Administration.